Polytechnic University of Valencia Congress, 1st International Conference on Business Management

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APPLICATION OF THE THEORY OF MARKOWITZ FOR STRUCTURE PORTFOLIO INVESTMENT IN THE COLOMBIAN STOCK MARKET
Fernando García García, Jairo Alexander Gónzalez Bueno, Javier Oliver Muncharaz

Last modified: 21-07-2015

Abstract


Since its appearance in 1952, Harry Markowitz model has been a major theoretical reference in structuring investment portfolios, leading to multiple developments and referrals. The present work is aimed to apply the model of Markowitz in the Colombian stock market and through an empirical study will verify whether the model is able to provide investment portfolios to meet the risk and return preferences for a Colombian investor. To do the daily closing prices for the period January 2005 to December 2014 from a sample of 12 shares of Colombian stock exchange will be used.

 

DOI: http://dx.doi.org/10.4995/ICBM.2015.1247


Keywords


diversification; efficient frontier; profitability and risk

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